Overview
What is Housing Oriented Ministries?
Housing Oriented Ministries is a nonprofit organization situated in southeast Kentucky. Their primary mission is to construct and renovate energy-efficient homes, catering to the needs of low- and middle-income families. In addition to home building, they also offer rental housing options for families who require temporary housing or are unable to secure permanent housing. The organization's dedication to energy-efficiency and affordable housing contributes significantly to the local community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Housing Oriented Ministries has achieved a high level of accountability and financial health, as evidenced by its 92% overall score on Charity Navigator. The organization boasts an entirely independent board, strong governance practices, and a clear conflict of interest policy, which reflects a commitment to transparency and ethical management. Notably, the organization has shown no issues with asset diversion and maintains robust financial oversight.
Strengths include an impressive program expense ratio of 87.41%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Furthermore, the organization's liabilities to assets ratio of 29.86% suggests it has a solid financial foundation, while its working capital ratio of 1.97 years demonstrates that it has sufficient resources to cover its obligations over the near term. The low fundraising efficiency ratio indicates that the organization is able to raise funds with minimal expense.
While the overall ratings are strong, potential areas for improvement might include enhancing fundraising strategies to increase efficiency further. However, the current metrics indicate that Housing Oriented Ministries is effectively utilizing its resources to fulfill its mission, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Oriented Ministries legitimate?
Housing Oriented Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Oriented Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $72,899
Professional Fundraising Fees: $0
Other Salaries and Wages: $725,691
For more financial information, click here
What is the mission statement of Housing Oriented Ministries?
Housing Oriented Ministries, as an organization, is committed to constructing and renovating energy-efficient homes for individuals falling under the low-income and middle-income bracket residing in southeast Kentucky. Furthermore, they offer rental housing options for families who require temporary housing or cannot afford to purchase a permanent residence. The primary purpose of Housing Oriented Ministries is to provide shelter solutions that cater to the housing needs of these individuals.
Who is the CEO of Housing Oriented Ministries?
Reed Caudill is the Treasurer of Housing Oriented Ministries.
What is the revenue of Housing Oriented Ministries?
Housing Oriented Ministries's revenue in 2022 was $1,907,969.
Who are the executives of Housing Oriented Ministries and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $72,899
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Housing Oriented Ministries?
Housing Oriented Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Oriented Ministries
Housing Oriented Ministries, a nonprofit organization, is dedicated to constructing and refurbishing energy-efficient homes for families falling under the low-income and middle-income brackets in southeast Kentucky. The organization goes beyond just building homes; it also provides rental housing for families experiencing temporary housing needs or those who are unable to afford permanent housing. Housing Oriented Ministries aims to contribute positively to the community by offering safe and sustainable living spaces for its residents.
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Impact
July, 2024
Housing Oriented Ministries has a significant impact in southeast Kentucky by building and repairing energy-efficient housing for low and middle-income residents. They provide crucial support to families in need of short-term housing or who are unable to purchase permanent housing. Through their efforts, they are improving living conditions and helping address the housing challenges faced by many in the community.
This information is meant to be a general summary of Housing Oriented Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,615
- Program Service Revenue: $354,337
- Gross Receipts: $2,015,084
Assets and Liabilities:
- Total Assets: $4,625,979
- Total Liabilities: $1,947,895
- Net Assets: $2,678,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OWNER FUNDED PROJECTS
Revenue
$256,592
MISC
Revenue
$4,700
SOLAR JOBS
Revenue
$56,950
VOLUNTEER PROJECTS
Revenue
$36,095
Organization Details
Founding Year
1985
Principal Officer
Reed Caudill
Main Address
65 BENTLEY AVE, WHITESBURG, KY, 41858
NTEE Category
Code: L25Z - Housing
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